Dallas Fort Worth Urban Forum

eburress wrote:With Uber falling through I'm becoming jealous of Austin's ability to attract Bay Area tech refugees. Even Houston landed HP. Houston.

willyk wrote:

eburress wrote:With Uber falling through I'm becoming jealous of Austin's ability to attract Bay Area tech refugees. Even Houston landed HP. Houston.

A contrarian view here, but I am wondering if the thing that is driving Uber to downsize, i.e. improving financial performance, might also drive the HQ to Dallas.

willyk wrote:

eburress wrote:With Uber falling through I'm becoming jealous of Austin's ability to attract Bay Area tech refugees. Even Houston landed HP. Houston.

A contrarian view here, but I am wondering if the thing that is driving Uber to downsize, i.e. improving financial performance, might also drive the HQ to Dallas.

willyk wrote:

eburress wrote:With Uber falling through I'm becoming jealous of Austin's ability to attract Bay Area tech refugees. Even Houston landed HP. Houston.

A contrarian view here, but I am wondering if the thing that is driving Uber to downsize, i.e. improving financial performance, might also drive the HQ to Dallas.

Tnexster wrote:^Nice pics, the view at night looks kinda cool on the webcam. Maybe will get some night pics from one of our photographers soon.

kingpin wrote:on Flickr

Warrior2020 wrote:How is the retail coming along here? Is it more than just biscuit bar?

LPG wrote:

Warrior2020 wrote:How is the retail coming along here? Is it more than just biscuit bar?

Harper’s, from Milkshake Concepts, is functionally complete. They should be opening within a few weeks.

Komodo Dallas began their build out ~3 weeks ago. No idea on ETA, but, one would assume, the build out will be extensive.

Work has begun on the retail space facing Elm, space 3C, but, per the Venture listing, there is no current tenant.

Toothfairy, apparently, signed a lease a while back for 2C. No progress on the build out, as of yet.

https://www.venturedfw.com/files/listin ... igital.pdf

Uber is terminating all of the state, county and municipal economic incentive agreements it struck when it selected Dallas to be its largest employment hub outside of its San Francisco headquarters.

In 2019, the company signed economic incentive agreements totaling around $36 million in grants and tax abatements. As part of the agreements, Uber was expected to hire 3,000 workers at its planned Deep Ellum offices and pay at least an average annual salary of $100,000.

The tech giant now plans to hire just 500 workers to staff its new offices at the Epic in Deep Ellum. It currently employs around 200, according to the company.

potatocoins wrote:Yikes. I can't say that I'm surprised given how hard the company was probably hit during COVID. Definitely a shame that we now have more vacant office space to fill in the urban core.

An additional 500 workers in Deep Ellum is still a win for the area, it's just a shame they built out such a large office space for something that didn't end up coming to fruition.

cowboyeagle05 wrote:Uber offloaded a large section of its company during the pandemic all their innovation offices, research, flying Uber taxi division etc. The current CEO is cutting the company back to delivery of People, Food and Medications and Uber cant hire enough drivers for the demand they have now. Uber is not gonna grow as big as they were anytime soon. That's why they canceled. Their San Fran HQ is more than enough offices. The good thing is we will have Class A brand new space and current tenants looking at Dallas want new space but they don't want to wait for it to be built. Uber will still be a good endorsement of the building and tenant that other tenants will like to be near.

cowboyeagle05 wrote:The good thing is we will have Class A brand new space and current tenants looking at Dallas want new space but they don't want to wait for it to be built. Uber will still be a good endorsement of the building and tenant that other tenants will like to be near.

LongonBigD wrote:How about a tired old concept called “build it and they will come?” Just a little, please. I won’t even be disappointed if it’s 15-25stori4s to test the water.

Tivo_Kenevil wrote:Why are u guys worried about KDC? Uber has a signed agreement in all likeliness. They'll have to sublease the building. They have the burden of finding someone to fill their shoes.

Last I heard there still some buildings with shell space that has never been leased (admittedly that was a few years back).

Real estate brokers expect that the Uber will seek to sublease much of its surplus office space in Deep Ellum. That means Uber will have to find other businesses to occupy the building.

Uber has already been looking for sublease tenants to fill more than 115,000 square feet of offices it rented in the first Epic building. The sublease office space, which isn’t officially counted as vacant as long as rent is being paid, adds to the growing volume of empty buildings in the Dallas area since the start of the pandemic.

Kelley USA wrote:Correct me if I'm wrong, but pretty sure that Lincoln Property built 1900 Pearl as a Spec project. It's more than 90% leased. I believe The Link is also a spec project. I don't know if they've signed any tenants to date though.

Tivo_Kenevil wrote:Why does the top look longer than the base..

dd_dweller wrote:I’m surprise that retail in this building is taking so long to fill. Hoping we get some more retail filled or hear some announcements before the new building is done.